Profitable, Rapidly Growing Turn-Key Specialty Wings & Fish Restaurant

, Texas 8 views 0 favorites

Financial Highlights
Asking Price
$0
Revenue
$565,295
Business Description

Business Description This eatery, based in a growing area of Fort Worth, is more than just a wing spot. The establishment sets itself apart from the competition by providing its customers with an extensive menu of delicious selections, top-rated customer service, and a pleasant, no hassle dining experience. The owners provide a proprietary “branded” sauce which can be included in the sale or offered to the buyer under a long-term supplier agreement. Both its proprietary sauce and seasonings are currently produced, bottled, branded, and packaged in bulk by an outside supplier. Sales Security & Growth Opportunities The restaurant’s sales are derived from a diverse variety of menu items including chicken wings with mouth-watering flavors, fried fish, chicken tenders, French fries, and waffles. The current owner has operated the restaurant since its founding in 2009. It has been at its current location since 2013. Since its inception, the restaurant has gained a loyal following and sales have grown accordingly. Also, rather than suffer the effects of the pandemic like most other area restaurants, the restaurant increased sales in 2020 by 6%. In response to increased sales and to provide customers with a more focused fast casual take-out experience, the owners remodeled the restaurant in March 2021. This decision appears to be a good one as the restaurant has continued to increase sales significantly. Additionally, in reaction to strong demand from customers and business associates, the owners decided to open a second location which is in the final stages of construction and is slated to open February 1st, 2022. The second location is approximately 11 miles away from the original location, so the risk of cannibalizing its existing customer base is minimal. Second Location All reported financial information includes only the original location. The restaurant's new "sister" location is slated to open for business effective February 1, 2022. The new location will be arranged nearly identically to the original location and it is anticipated that the sister location will enjoy very similar, if not more profitable, results to the first store. Great Franchising Opportunity The restaurants unique offerings, high profits and low capital requirements for a new location, may make for an exceptional franchising opportunity to add new owner operators across the country! Location: Fort Worth, Texas Year Established: 2013 Number of Employees: 3 Real Estate: Leased Building Sq. Ft.: 1,059 Rent: $1,707.50 Per Month Facilities: Fully functioning kitchen, fryers, grill, sinks, refrigerator, freezer, customer counter, recently refurbished to support pick-up service Market Outlook/ Competition: Desirable menu items, fast courteous service, good pricing and loyal customer base Growth & Expansion: The restaurant locations are uniquely located in an area of Texas experiencing sustained population growth, with many single-family homes, apartments, and businesses in the immediate area. Additionally, the locations are situated on busy thoroughfares with plenty of traffic. The restaurant is also poised to benefit significant growth over the next several years as dining is expected to take-off once the region gets past the effects of the pandemic on the dining industry in general. Second location opening February 1, 2022!

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 14, 2022

Updated: 17 hours ago

Views: 8

Favorites: 0